Solana (SOL) — Onchain News & Whale Tracking

The Solana community has published a proposal to remove persistent nonces.

Solana community has released a "Remove Persistent Nonce" proposal. The proposal calls for eliminating persistent nonces, mandating each transaction include a recent block hash to enable replay protection, and disabling system program instructions used to initialize, advance, and upgrade nonce accounts. The plan is scheduled to activate on Solana’s mainnet as early as May 5, 2027, with a migration window reserved for users.

The USDC Treasury minted an additional 250 million USDC on the Solana network today.

According to Whale Alert, the USDC Treasury minted an additional 250 million USDC tokens on the Solana network at around 09:10 Beijing Time today.

Solana plans to expand its Hong Kong team to 30 members and expand its tokenization business.

According to the South China Morning Post, Joseph Chee, Chairman and CEO of Nasdaq-listed Solana Company, said the firm plans to expand its operations in Hong Kong to tap into the region’s growing demand for tokenization. The Hong Kong team will grow from its current size of fewer than 10 people to up to 30. Chee pointed out that the U.S. has made “much faster” progress in tokenization, while many large financial institutions in Hong Kong have only just started considering or launching tokenization projects. The company expects to assess the Hong Kong market in about six months; if no major tokenization service providers have emerged there by then, it may build its own team to meet local banks’ needs. Last month, Solana Company was designated a “key enterprise” by the Hong Kong Special Administrative Region’s Key Enterprise Introduction Office. Its Hong Kong operations will also serve as the new Asia-Pacific headquarters, positioning itself as a digital asset infrastructure and service provider.

People's Bank of China Responds to Suspension of Solana's Shanghai Event: Promoting Virtual Currency Is Explicitly Illegal, Relevant Parties Involved Will Be Investigated

According to the Financial Times, a senior official from a department under the People's Bank of China (PBC) commented on the halt of Solana's advertising and offline events in Shanghai, saying the central bank has joined forces with local financial regulators, public security, market supervision and other authorities to stop the activities, and will probe the involved entities and individuals in collaboration with relevant departments. The official added that Solana, a major virtual currency issuance platform, its native token Solana is essentially a virtual currency, and it also provides technical support for the issuance and trading of key virtual currencies like USDT. All such businesses are categorized as illegal financial activities as specified in the circular, and the promotion of Solana violates the circular's rules. Virtual currencies at this stage fail to effectively meet requirements for customer due diligence, anti-money laundering and other compliance aspects, and are prone to fueling market speculation. Moving forward, the PBC will work with relevant departments and local governments, targeting domestic virtual currency traders and domestic affiliates of overseas virtual currency issuance and trading platforms, to continue cracking down on domestic virtual currency-related business activities and safeguard economic and financial order.

Solana co-founder Anatoly: Layer 1 teams should prioritize developing native products.

Solana co-founder Anatoly Yakovenko published a post stating that Layer 1 (L1) teams should prioritize developing native products built on their own L1 blockchains, rather than abandoning this direction amid external skepticism. He noted that product-market fit (PMF) is extremely difficult to achieve, with every product facing high failure risks. Additionally, only by actually building products on their own blockchain can teams identify functional gaps in their ecosystem relative to competitors.

Leap, a subsidiary of Solana Labs, has launched the beta version of its mobile trading app, with plans to use future transaction fees to repurchase and burn SOL.

Solana Labs’ Leap has unveiled a beta version of its mobile trading app, now accessible via Apple’s public TestFlight for iPhones. The application consolidates trading of tokenized stocks, ETFs, metals, fiat currencies, and crypto assets on the Solana network, with all transactions executed via on-chain swaps. Leap stated it will not charge its own trading fees during the initial launch phase; the platform plans to use future fees to repurchase and burn SOL tokens. An Android version is scheduled to roll out subsequently.

USDC Treasury mints 250 million new USDC tokens on the Solana network, valued at approximately $250 million.

On-chain data shows that at 07:09 Beijing Time, the USDC Treasury minted 250 million new USDC tokens on the Solana network, worth approximately $250 million.

Samsung Wallet rolls out Solana-based USDC to Galaxy users in the US, covering around 82 million devices.

Samsung Wallet has opened stablecoin accounts to eligible U.S. Galaxy users, allowing them to directly buy, hold, send, and receive Solana-based USDC within the wallet—no separate crypto app downloads or private key management required. The feature covers approximately 82 million compatible Galaxy devices. The service is jointly built by licensed custodian Bastion and Coinbase, with Coinbase serving as sub-custodian to hold USDC via Coinbase Prime Vault. Users can transfer funds to other Samsung Wallet users in the U.S. and compatible external wallets with no Samsung fees, as well as send remittances to eligible bank accounts in over 60 countries; credit card top-ups carry a 4% fee. The service is available to U.S. residents aged 18 and above, with New York State currently excluded. Samsung noted it will explore online and offline stablecoin payments and expand to additional markets going forward.

Asset management giant Schroders' tokenized emerging market bond fund has gone live on Solana.

Asset management giant Schroders has launched its first tokenized investment strategy on Solana. The fund is the Schroder International Selection Fund Emerging Market Bond, with token ticker SISF, offering on-chain investment access to global emerging market sovereign and corporate bonds.

Solana-based privacy protocol Privacy Cash has announced a suspension of deposits following the inflow of funds stolen from Binance.

Privacy Cash, a privacy protocol, announced on X that it is temporarily suspending all deposit services, while withdrawal functions remain fully operational. The official stated: "Our original goal in creating Privacy Cash was to provide privacy tools for ordinary people, not to facilitate crime. In light of the recent Binance hack, we must ensure bad actors do not misuse our product." During the suspension, the team will continue to strengthen its wallet screening system, with a specific resumption date to be announced later. According to on-chain analytics firm Elliptic, approximately $1.2 million in stolen ETH and SOL from Binance has flowed into Privacy Cash's privacy pool. Of that amount, around 41 ETH and 9,600 SOL (totaling roughly $1 million) entered on November 3, followed by an additional ~2,300 SOL. This sum represents a tiny fraction of Binance's total stolen funds, which are valued at around $6 billion. Privacy Cash is a zero-knowledge (ZK)-based privacy protocol that supports networks including Solana, Ethereum, Base, BNB, Hyperliquid, and Robinhood Chain. After users deposit assets into the shared pool, they can withdraw to any address via ZK proofs, cutting off on-chain links. The protocol is backed by Alliance DAO, has processed over $600 million in trading volume, and has undergone multiple security audits. The suspension is a proactive compliance and risk control measure taken by the privacy protocol following the large-scale Binance hack on October 29. Assets already deposited by users can still be withdrawn normally.

NFTScan will cease providing NFT data services for Polygon and Solana.

NFTScan announced in a post that due to business adjustments, it will no longer provide NFT data services for Polygon and Solana.

Binance provides update on withdrawal restoration progress: Withdrawals for assets on the newly added Ethereum (ETH) and Solana (SOL) networks have been reopened.

Binance announced in an official statement that it has now re-opened withdrawals for the following assets: Additional assets restored on the Ethereum (ETH) network: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD. Additional assets restored on the Solana (SOL) network: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME. Previously restored assets on the Ethereum network include RLUSD, USD1, TUSD, FDUSD, and XUSD. Binance added that as security checks are completed, it will gradually resume withdrawals for more assets and networks, with further updates to be released via official channels.

Solana arbitrage robot King was hacked, with approximately $786,000 in assets stolen, including 4,260 WSOL.

According to monitoring by OnchainLens, King, a well-known Solana-based arbitrage bot with a historical cumulative profit of roughly $7.2 million, was hacked for approximately $786,000 in assets, including around 4,260 WSOL, 191 SOL, and roughly $366,000 in stablecoins.

Solana has officially merged the SIMD-0567 proposal, planning to replace the existing ATA program with p-ATA that delivers higher compute unit efficiency.

According to Solana’s official GitHub page, the Solana Foundation has merged the SIMD-0567 proposal into its main branch. The proposal aims to replace the existing Associated Token Account (ATA) program with an optimized version called p-ATA, built on Pinocchio, to reduce compute unit (CU) consumption and boost execution efficiency. Per the proposal, p-ATA uses a no-standard-library design, avoids heap memory allocation, parses instruction and account data via zero-copy, and minimizes dependencies. Developers’ prior benchmark tests show p-ATA cuts transaction execution time by roughly 35% compared to the legacy program. When a Rent Sysvar account is provided, CU consumption drops further, though actual execution time rises slightly, with transaction-level latency remaining around 1%. The proposal went through multiple rounds of technical review, and was officially merged 17 hours ago after completing formal verification of the new program, updating the program’s binary hash, and finalizing the migration process. It’s important to note that merging the proposal does not equate to a mainnet program replacement; the new program still needs to be deployed in line with the established migration workflow.

Solana Mobile removes malicious application 'SKR Claim', which tricked users into entering their mnemonic phrases.

Solana Mobile has announced that a malicious third-party app named "SKR Claim" was recently submitted to the Solana dApp Store. Due to unauthorized access to the dApp publishing portal, the interface content of the app's recommendation and task pages was tampered with. The malicious app prompted users to input their wallet mnemonics, and was taken down roughly an hour after going live on the store's recommendation page. Currently, the team is removing the app from devices where it has been installed. Solana Mobile added that following an investigation, the team identified and patched a vulnerability that could lead to apps not yet completing the publishing process being incorrectly associated and displayed, to prevent similar incidents from recurring. The official also reminded users that the Solana Mobile team will never request wallet mnemonics or cryptocurrency, nor will it require users to connect their wallets to other apps or websites to claim airdrops.

Binance has newly resumed withdrawals of SOL, USDT, and USDC on the Solana network.

According to an official announcement from Binance, the platform has resumed withdrawals for SOL, USDT, and USDC on the Solana network.

USDC Treasury mints 250 million USDC on Solana

According to Whale Alert monitoring, the USDC Treasury minted 250 million USDC on the Solana blockchain, worth approximately $250,115,375.

Ondo’s Smart Investment Portfolio Launches on Solana, Including Three BlackRock Strategy Portfolios.

Ondo Finance announced its Intelligent Portfolios have launched on Solana for eligible non-US investors. The seven portfolios are offered as single on-chain transferable tokens, covering yield, growth, and thematic exposures. Three of the portfolios are based on strategies developed by BlackRock for Ondo: high-yield BLKHIon, high-growth BLKGRWon, and diversified growth BLKDIGon. The remaining four were designed by Ondo itself: MAG7Xon, BRAINon, YLD5on, and YLD8on. Since their launch roughly four weeks ago, the combined total value locked (TVL) of these portfolios on Ethereum and BNB Chain has exceeded $40 million. Ondo noted that its tokenized assets on Solana have a TVL of over $500 million, with transparent portfolio holdings and programmatic rebalancing, eliminating the need for investors to manage a basket of underlying assets on their own.

Ondo Smart Portfolios launches on Solana, featuring three BlackRock strategy portfolios.

Ondo Finance announced that its Intelligent Portfolios have launched on Solana, open to eligible non-U.S. investors. All seven portfolios are offered as single on-chain transferable tokens, spanning yield, growth, and theme exposures. Three of the portfolios are based on strategies developed by BlackRock for Ondo: high-yield BLKHIon, high-growth BLKGRWon, and diversified growth BLKDIGon. The remaining four were designed by Ondo, including MAG7Xon, BRAINon, YLD5on, and YLD8on. Approximately four weeks after launch, the total value locked (TVL) of these portfolios on Ethereum and BNB Chain has exceeded $40 million. Ondo noted that its tokenized assets on Solana now hold over $500 million in TVL, with transparent portfolio holdings and programmatic rebalancing, eliminating the need for investors to manage a basket of underlying assets themselves.

Polygon expands its stablecoin payment infrastructure to Solana.

Polygon Labs announced it has integrated Solana into its Open Money Stack payment platform, allowing enterprises to complete bank acceptance, cross-chain fund transfers, and payee disbursements via a single integration. The first clients include payment service provider Kira, whose CEO said the firm has already been using Solana to transfer stablecoins, and the Polygon integration will let it convert funds to U.S. dollars and deposit them into clients’ bank accounts for supplier payments. The stack connects Polygon, Ethereum, and TRON, which was integrated earlier this month. The integration comes as Solana completed its Alpenglow consensus upgrade last week, cutting transaction finalization time from around 12.8 seconds to 150 milliseconds. A product lead at the Solana Foundation said the network has processed over $5.5 trillion in stablecoin transaction volume in 2026. Earlier this month, Polygon also completed its acquisition of Coinme, securing money transmission licenses and exemptions covering 48 U.S. states.

Solana Meme Coin Free Mika’s Genesis Address Transfers Nearly Half Its Supply and Sells Off, Token Plunges ~99%

According to monitoring by @aixbt_agent, the Solana ecosystem meme coin free mika (MIKA) plummeted sharply on October 28. Its genesis address transferred around 500.44 million tokens to another wallet, roughly half of its initial supply. About 7 seconds later, that wallet sold approximately 500.83 million MIKA on PumpSwap, pushing the short-term transaction price down by nearly 99% from prior levels. While some claim a wallet nonce issue prevented the key holder from moving funds, the transfer used a normal recent blockhash. It remains unconfirmed whether the selloff stemmed from an external attack or existing token holders.

US Solana spot ETFs recorded a net outflow of $19.16 million yesterday, marking the largest single-day net outflow since December last year.

On October 27, the U.S. Solana spot ETF posted a net outflow of $19.16 million, its largest single-day outflow since December 3, 2025, when it recorded a $32.19 million one-day outflow. Combined with the $8.23 million net outflow on October 26, the weekly cumulative outflow reached $27.38 million, exceeding prior single-week records of $25.52 million (week ending October 16) and $24.81 million (week ending October 9), marking the largest single-week outflow since the ETF’s launch. Through October to date, the cumulative net outflow has hit $99.62 million, on pace to become the worst month on record; only June previously saw a net outflow of roughly $787,000. The total net assets of the related ETFs have dropped from approximately $1.96 billion on September 25 to around $1.54 billion. Meanwhile, SOL has fallen approximately 13.8% month-to-date, trading at roughly $101.87, and remains near the key $100 support level.

Solana client Firedancer has introduced vulnerability submission fees, requiring 1 SOL to be burned per report.

Jump Crypto’s Solana client Firedancer has updated its bug bounty program rules, requiring researchers to permanently burn 1 SOL (valued at roughly $100) for each vulnerability report submitted. No refunds will be issued if a report is invalid, out of scope, or a duplicate of an existing flaw; reports without the burned SOL will not be eligible for rewards. The move aims to address the surge in AI-generated vulnerability reports. In an audit contest held from April 9 to May 9 with a total prize pool of $1 million, 162 researchers submitted 809 reports, but only 127 unique security issues were identified, with nearly half of valid reports being duplicates. Jump noted that AI agents were involved in nearly all report discovery or drafting. Jump Crypto’s Ishan Bhatt previously stated that AI has reduced the cost of vulnerability detection, but auditing bugs remains highly resource-intensive. The large volume of duplicate or unusable reports once led to a backlog of 299 pending reviews, forcing engineers to spend more time verifying issues and delaying the investigation and patching of real vulnerabilities. Meanwhile, Jump has also increased bug bounties: eligible vulnerabilities will receive double the standard amount by November 20; for flaws in Solana’s new Alpenglow voting system, rewards go up to triple, with a maximum payout of $300,000 for critical-severity bugs.

Holders of tokenized stocks on Solana surpass 1.5 million, a fivefold increase since August.

Solana’s official announcement states that 1.5 million people now hold Solana-based tokenized equities, marking a new all-time high. This figure has surged fivefold since August.

Solana Co-Founder Proposes Minting SOL Using Tokenized Collateral and Imposing a Profit Tax

Solana co-founder Toly has proposed a SIMD concept, with the goal of "making SOL a currency". The vision calls for validator stake-weighted oracles that can mint SOL using any tokenized collateral to facilitate transactions, while profits generated from such transactions would be subject to taxation. The idea is currently only open for public discussion, and no formal proposal text or implementation timeline has been released yet.

FOMO co-founder denies launching a Solana ecosystem token issuance platform, stating that there are already too many tokens in the market.

Crypto trading app FOMO co-founder Se Yong Park said in a social media post that there are already too many tokens in the current market. The team has no intention of launching new tokens, instead aiming to help build a future where the most robust communities can continue to grow and thrive. He previously denied that FOMO plans to launch a Solana ecosystem token launch platform, adding that the team has no intention of competing with Pump.fun through related products.

Solana Company has been selected into Hong Kong’s 7th batch of strategic enterprises, and plans to deploy local validator nodes.

Official announcement: Solana Company (Nasdaq ticker: HSDT) announced it has been recognized as a strategic enterprise by the Hong Kong Special Administrative Region Government’s Office for Attracting Strategic Enterprises (OASES), and was included in the 7th batch of the office’s strategic enterprise list. It is the only blockchain infrastructure enterprise introduced by OASES in 2026. Solana Company noted it has established an office in Hong Kong, which will serve as its Asia-Pacific headquarters and regional operational base, with its management team overseeing Asia-Pacific operations. Furthermore, under its Pacific Backbone initiative, Solana Company plans to operate validator nodes in Hong Kong to enhance the city’s participation in the operation of Solana’s decentralized network.

Solana Foundation’s Head of Payments: Any asset could be tokenized in the next decade.

Amira Valliani, Head of Payments Business Growth at the Solana Foundation, stated that both the cryptocurrency industry and the AI sector are advancing the development of token use cases, and the tokenization trend will continue to expand. She noted that tokens are fundamentally a machine-recognizable and processable form of asset representation, adding that over the next decade, any asset-bearing entity could be tokenized. Valliani emphasized that tokenization is poised to become a critical infrastructure linking crypto assets, AI applications, and real-world assets, facilitating the integration of more assets into a programmable, tradable digital framework.

JPMorgan Asset Management expands its tokenized money market fund to Solana.

J.P. Morgan Asset Management announced that its tokenized money market funds, the My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX), are now open to eligible U.S. investors on the Solana blockchain. Investors can subscribe to and redeem the funds via the liquidity management platform Morgan Money, and receive their token balances on-chain. MONY is a 506(c) private fund designed to deliver U.S. dollar yields for eligible investors, while JLTXX is a U.S.-registered government money market fund that aims to support stablecoin issuers compliant with the GENIUS Act.

Circle issued $1.5 billion worth of USDC on Solana in the past 24 hours.

According to monitoring by OnchainLens, Circle has issued $1.5 billion worth of USDC across six separate transactions in the past 24 hours, with each transaction amounting to $250 million. As of now, Circle has issued $110.51 billion worth of USDC via the Solana platform in 2026.

Solana’s new consensus protocol Alpenglow goes live on mainnet, cutting transaction finalization time to 150 milliseconds.

Solana development team Anza announced in a post that its new consensus protocol Alpenglow has launched on Solana’s mainnet-beta, reducing transaction finalization time from 12.8 seconds to 150 milliseconds. Alpenglow’s genesis block has been generated, and the original consensus mechanism TowerBFT is now officially retired.

Solana to launch Alpenglow upgrade on Wednesday, transaction finalization time expected to be reduced to 150 milliseconds.

Solana to Launch Alpenglow Upgrade on October 21, One of Network’s Largest Underlying Overhauls Since 2020 Solana will roll out its Alpenglow upgrade on October 21, marking one of the most significant foundational overhauls the network has undergone since 2020. The upgrade will replace the existing validator voting mechanism, aiming to cut transaction finalization time from roughly 6 seconds to 150 milliseconds—an approximate 40x speed boost. At the core of the upgrade is shifting validator voting from on-chain to off-chain, consolidating votes into certificates that enable transaction finalization within 1 to 2 consensus rounds. If mainnet performance meets expectations, Solana’s transaction confirmation speed will approach that of credit card payments or centralized exchanges, enhancing user experiences for meme coin trading, stablecoin payments, and on-chain platforms. The upgrade will also reduce validator costs. Currently, validators pay around 2 SOL in daily voting fees. Post-upgrade, voting fees will be eliminated, replaced by a fixed validator access fee per epoch: 0.8 SOL per ~24-hour epoch, an estimated cost reduction of roughly 60%. However, the testing process faced hurdles. According to Galaxy Digital, since the testnet launched in early May, it has been wiped and restarted from scratch six times. One migration attempt caused a full testnet failure requiring a rollback; subsequent migrations ultimately succeeded, paving the way for the mainnet launch. All issues occurred on the testnet, with no impact on real funds. Per the announcement, the upgrade will begin at the start of Epoch 1064 on Wednesday, and complete the switch at Slot 459,653,000 after a 5,000-slot transition phase.

Meme coin Kimchi on the Solana blockchain hits $40 million market cap just one hour after launch.

According to GMGN market data, the Solana-based meme coin Kimchi hit a $40 million market cap within one hour of launch, and is currently trading at $38.71 million with a trading volume of $23.7 million. X platform user Kimchi (@kimchi1x) currently holds 75.32% of the meme coin’s total supply. The trader is known for his low-profile, mysterious persona; his account rarely posts trading records or trade calls, instead sharing photos and videos of high-end daily life including luxury goods, travels, high-end cars, and watches. His X bio has been updated to @pumpfun. Pump.fun co-founder Alon posted that Kimchi is the first person to truly bridge the gap between the crypto industry and pop culture, and the first case of a trader growing into a public celebrity. He represents the industry’s future direction: building a large social trading ecosystem to attract more retail users, growing the ecosystem’s size to 10 times that of the previous cycle. The next wave of users will not come from CT (Crypto Twitter, the crypto Twitter circle), but from the broader general public. Pump.fun is pleased that Kimchi has helped set the creative direction, pushing the ecosystem toward its goal of expanding 100 times in size. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and require cautious investment.

Gambler @Jelitics Loses $1M on 12 Solana Meme Coins With 0% Win Rate

Gambler @Jelitics has cashed out all his meme coin holdings to fund his gambling. He traded 12 tokens on Solana and lost money on every single one, with a 0% win rate and over $1M in total losses.

Security firm reports: A Solana governance vulnerability caused voting bias, which has been fixed, with no impact on the passage of SGP-0002.

Blockchain security firm Asymmetric Research has disclosed a vulnerability in Solana’s on-chain governance program svmgov: when validators do not participate in voting, delegators’ pre-submitted independent votes may fail to be counted in the final results. The bug was reported to the Solana Foundation on July 10, and mainnet fixes were completed on August 3, ahead of the governance vote held on August 24. Based on on-chain data, Asymmetric Research estimated that if the vulnerability had not been patched, the approval rate for Proposal SGP-0002 (which aimed to accelerate the reduction of SOL inflation) would have dropped from the actual 67.00% to 66.65%, below the 66.67% approval threshold. The vulnerability was fixed before the vote, so it did not actually alter the proposal’s outcome.

Solana Foundation Chair: The first Capital Markets Summit was held Thursday in Shanghai, China.

Solana Foundation Chair Lily Liu posted on X that the first Capital Markets Summit was held Thursday in Shanghai, China, where hundreds of asset allocators and builders from China and around the world gathered to discuss innovative capital formation. Liu also noted that the market capitalization of listed companies in China is only one-sixth that of comparable profitable firms in New York, with over 50,000 small and medium-sized enterprises (SMEs) waiting for IPO opportunities in the domestic market. Earlier reports indicate that Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was registered in August with a registered capital of RMB 10 million, and Shanghai Solana Enterprise Management Co., Ltd. holds a 45% stake in Yaokun Qiusuo Digital. Even Jiang, co-head of Solana Foundation China, serves as Yaokun Qiusuo’s chairman, while Du Yanjing is a director. Public information shows Yaokun Qiusuo’s main business covers technical services, development, consulting, exchange, transfer and promotion; computer system services; information system integration; IT consulting; data processing; internet data services; IoT technology services; wholesale of computer software, hardware and auxiliary equipment; information consulting (excluding licensed consulting services); enterprise management consulting; financial consulting; conference and exhibition services (overseas exhibitions require approval from relevant authorities). It should be emphasized that "Solana" is a name adopted by a sole proprietorship, and there is currently no equity evidence linking these two companies to the Solana Foundation.

Shanghai Solana Enterprise Management Co., Ltd. has been registered, with Du Yanjing, co-head of Solana China, serving as its legal representative.

According to Qichacha, Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year with a registered capital of 5 million yuan. Claire Du (Du Yanjing), co-head of Solana China, serves as its legal representative. Separately, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established in August this year with a registered capital of 10 million yuan, with Shanghai Solana Enterprise Management holding a 45% stake in the latter. Even Jiang (Jiang Yiwen), co-head of Solana Foundation’s China region, is chairman of Yaokun Qiusuo, while Du Yanjing acts as a director. Public information indicates Yaokun Qiusuo’s core business includes technical services, development, consulting, exchange, transfer and promotion; computer system services; information system integration services; information technology consulting; data processing services; internet data services; IoT technology services; wholesale of computer software, hardware and auxiliary equipment; information consulting services (excluding licensed services); enterprise management consulting; financial consulting; and conference and exhibition services (overseas exhibitions require approval from relevant authorities). It should be noted that "Solana" is a name adopted by a sole proprietorship, and there is currently no equity evidence linking the two companies to the Solana Foundation. This week, Solana team members shared photos announcing the opening of an office in Shanghai, China.

Circle mints an additional 250 million USDC on the Solana network.

According to monitoring by Whale Alert, Circle minted an additional 250 million USDC on Solana at 20:21 Beijing Time today.

Lily Liu responds to the Solana Shanghai event: Overwhelming sign-ups have led to excess attendance, so the event will be postponed to make adequate preparations.

Solana Foundation Chair Lily Liu posted that the large-scale light display on the entire exterior wall of Citigroup Building in Shanghai’s Lujiazui area on the evening of October 14 was meant to showcase Solana’s deep affection for the Chinese community and express gratitude for the warm welcome extended by the community. Due to promotion efforts, registrations for the "Solana Shanghai Event" quadrupled overnight, far exceeding the maximum number declared to local authorities. Officials were unable to prevent the excessive influx of attendees. To comply with local regulations, the event will be postponed, pending a time when it can better accommodate the community’s scale and reach. We extend our apologies to all friends who traveled near and far to join the Shanghai Solana event.

Solana ecosystem RWA lending protocol Spout Finance has closed a $2 million strategic financing round, with Draper Dragon and other investors participating.

Solana-based DeFi lending protocol Spout Finance has closed a $2 million strategic funding round, with participation from investors including Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, plus strategic backing from Solana Labs. The platform allows users to borrow stablecoins such as USDC by using their held tokenized US stocks as collateral, with no interest charged.

Solana has established an office in Shanghai, China, with CZ retweeting the news and exclaiming "amazing".

Solana team members shared photos on social media yesterday to announce the blockchain project has opened an office in Shanghai, China. Core team member Vibhu and Solana Foundation Chair Lily Liu made a high-profile announcement that the office is located in the "world's highest" commercial office space. In response, Binance CEO CZ retweeted the post, commenting: "It's amazing to see Solana securing advertising and even setting up an office in China. BNB Chain hasn't been able to do this so far."

Solana's Alpenglow consensus upgrade will launch on mainnet-beta on October 21, cutting block finalization time to 150 milliseconds.

According to official announcements, Solana research and development firm Anza has announced that Alpenglow will launch on Solana’s mainnet-beta at approximately 22:50 UTC+8 on October 21. The 18-month-long upgrade will complete the migration in a single slot, cutting block finalization time from several seconds to roughly 150 milliseconds. Alpenglow will replace the TowerBFT consensus protocol that Solana has used since its mainnet launch. The upgrade combines the latest consensus research advancements with erasure-coded data distribution technology, aiming to boost block confirmation speeds across the global network to as close to physical limits as possible. Alpenglow is expected to deliver a more efficient underlying infrastructure for 24/7 global capital markets, supporting high-throughput transactions and near-instant settlement. For institutional users, the protocol will reduce transaction settlement time from the typical 1–3 business days to around 150 milliseconds, while providing cryptographic guarantees and enabling direct on-chain payment processing to cut down on intermediaries and reconciliation requirements. For developers, faster confirmation speeds will improve Web3 application responsiveness, reduce wait prompts and retry logic, and bring on-chain app interaction experiences closer to those of traditional internet applications. Additionally, Alpenglow will offer a more suitable on-chain transaction environment for AI agents to execute high-speed operations. Combined with payment tools like x402, AI agents will be able to complete payments and other on-chain operations more efficiently without permission, lowering transaction friction. This upgrade will further strengthen Solana’s support for use cases including high-frequency trading, institutional financial services, Web3 applications, and the AI agent economy.

Solana-based Meme coin BATON surges past $20 million in market cap, hitting an all-time high.

According to GMGN market data, Solana ecosystem meme coin BATON briefly exceeded $20 million in market capitalization, hitting an all-time high. It is currently priced at $18.22 million, with a 24-hour gain of 41.11%. BATON takes its name from Baton Corporation, the predecessor of Pump.fun, and is viewed by the community as a meme coin tied to Pump.fun’s early corporate identity. BlockBeats reminds users that most meme coins lack practical use cases, exhibit extreme price volatility, and investors should exercise caution.

ASTER has now officially integrated into the Solana ecosystem via Sunrise.

Aster’s official announcement states that ASTER has now integrated into the Solana ecosystem via Sunrise, providing users with additional cross-ecosystem access and trading options for ASTER.

Hong Kong, China will list its second spot Solana ETF on October 13.

According to official announcements from Solana, Hong Kong will launch its second spot Solana ETF. The Pando Solana ETF (2831.HK) is scheduled to list on the Hong Kong Stock Exchange on October 13. Solana noted that the total net asset value of global spot SOL ETFs currently stands at $1.9 billion, with cumulative net inflows reaching $1.61 billion.

Circle Issues Additional 250 Million USDC on Solana Network

According to Whale Alert monitoring, a Circle address minted 250 million USDC on the Solana blockchain five minutes ago, valued at approximately $250 million.

OpenAI 28-Day Sprint Day 4: Sol (Solana) Ultra-Fast Mode Hits Up to 8x Speed, Codex Supports Real-Time Correction

Beating AI News Flash: OpenAI’s Head of Products and Platforms Thibault Sottiaux announced Day 4 of the 28-day product sprint. GPT-6.1 Sol Ultrafast is now rolling out to API, Codex, and ChatGPT Work. According to the official announcement, the model has capabilities close to GPT-6 Astra, with generation speed in Codex reaching up to 8 times that of the standard Sol mode, and up to 6 times faster in the API. The Ultrafast API is priced at $12 per million input tokens and $60 per million output tokens, 6 times the standard tier rates. The API is open to all developers, though subject to rate limits. Codex and ChatGPT Work are restricted to Pro users paying $500 monthly, as well as eligible enterprise and educational users. On the same day, OpenAI also upgraded Codex’s mid-task correction feature. On the ChatGPT desktop app, when Agents are executing tasks, users can add additional requests or adjust directions, allowing the model to adapt faster and reduce instances of working along incorrect paths.

Securitize has tokenized 12 U.S. stocks including Apple and Nvidia onto the Solana blockchain, and plans to expand to the New York Stock Exchange’s digital platform.

Tokenization firm Securitize announced today it is bringing 12 U.S. stocks—including Apple, NVIDIA, Tesla, and Microsoft—to the Solana blockchain, launching a new product called "Securitize Stocks". The initial lineup covers Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy, and Palantir. Each stock token is backed 1:1 by actual shares, retaining applicable shareholder rights like dividends and voting rights in its structure, though it represents securities interests rather than direct ownership on the company’s shareholder register. A conversion channel may be offered once tokenization is adopted by issuers. The product will initially trade on Securitize’s existing Solana platform, with liquidity supplied by Jump Trading and settled in USDC stablecoin. It is also expected to list on the New York Stock Exchange’s planned 24/7 digital trading platform and the upcoming OKXICE tokenized securities venue—a joint venture between Intercontinental Exchange (NYSE’s parent) and OKX—both of which must meet listing and regulatory requirements.

Technical Vice President of the Solana Foundation: Solana users do not need to enter 'risk aversion mode' as seed phrases are not stored on-chain.

Solana Foundation Technical Vice President Jacob Creech stated in a social media post that even if the quantum timeline advances or AI-driven "classical attacks" emerge, Solana users do not need to enter "bunker mode" unlike users of other networks. Creech explained that Solana uses Ed25519, with each signing key derived from a secret seed hash. Whether quantum or classical attacks crack the curve, only the derived key would be exposed—not the seed, which never appears on-chain.

Solana ecosystem tokens saw broad gains, with MET surging over 51% in 24 hours.

According to HTX market data, Solana ecosystem tokens are seeing broad gains, with the following 24-hour performance: ? MET surged over 51%, pushing its market cap to $264 million; ? W rose over 25%, bringing its market cap to $116 million; ? JUP climbed over 14%, reaching a market cap of $1.237 billion; ? RAY gained over 10%, hitting a market cap of $1.365 billion; ? BOME rose over 8%, with its market cap now at $72 million; ? JTO climbed over 8%, reaching a market cap of $545 million.